Sentences with phrase «monthly payments to their creditors at»

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Debt consolidation is an effort to combine debts from several creditors, then take out a single loan to pay them all, hopefully at a reduced interest rate and lower monthly payment.

If you start at the maximum term you eliminate one variable — if your creditors want to ask for a change to your offer they may ask you to increase your monthly payment.

You make one monthly payment to the consumer credit counseling company, and the company then dispurses the funds to each of your creditors but at a reduced interest rate.

One last advantage to an online unsecured consolidation loan is that it will combine all your loans into one manageable monthly payment, paid to one creditor, at one time of the month, and at one interest rate; all of which can make your financial life easier.

And consolidating your debts yourself is an advantage because all of your creditors will be paid off at once, leaving you with just the one monthly payment to make to just one creditor.

(1) If an individual assents to a plan that contemplates that creditors will reduce finance charges or fees for late payment, default, or delinquency, the provider may charge: (A) a fee not exceeding $ 50 for consultation, obtaining a credit report, setting up an account, and the like; and (B) a monthly service fee, not to exceed $ 10 times the number of creditors remaining in a plan at the time the fee is assessed, but not more than $ 50 in any month.

Make sure you make at least the minimum monthly payment to all creditors, and if there are extenuating circumstances that make it impossible to make a payment, call your creditor to discuss options.

Another word of warning — if you end up in Court at the end of your bankruptcy because you fail to perform your duties properly, the Court may very well order you to make additional payments to your creditors equal to the monthly amount you were able to save during the bankruptcy.

Professional Experience ABC Debt Relief (City, ST) 12/2006 — 11/2011 Client Service Manager • Responsible for overseeing daily operations of a 35 Account Manager call center ensuring effective operations • Recruit and train new sales and customer service employees in industry best practices and company policies • Strictly enforce compliance with all applicable laws, industry regulations, and corporate protocols • Provide exceptional customer service and professional guidance in the area of debt management, credit, and bankruptcy • Maintain detailed monthly reports for management concerning budgets, monthly projections, and quarterly goals • Responsible for performance appraisals, deficiency warnings, and conflict resolution for employees • Review and manage all BBB and Attorney General complaints determining appropriate next steps • Monitor department productivity with inbound and outbound calls providing feedback to team leads and supervisors • Author and lead presentations at meetings for clients, employees, and senior management • Train team leads and supervisors in laws governing credit reporting and debt settlement such as (FDCPA) Fair Debt Collections Practices Act and the (FCRA) Fair Credit Reporting Act and (FTC) Federal Trade Commission regulations • Set and strictly enforce budget for the payroll of both salaried and hourly employees • Responsible for final approvals for payment refunds issued to the client • Assist with Debt Tracker and the Debt Manager and negotiate with creditors to reduce client